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Sport Clubs Co. has announced the signing of a 20-year commercial lease agreement in Riyadh valued at SAR 116.63 million, excluding VAT. The contract with the Endowment of Ahmed Hamdan Salim Al-Balawi covers a 5,200-square-meter building on King Abdulaziz Road in the King Salman district. The facility will be transformed into an integrated men's fitness center under the Body Masters Premium brand, along with administrative offices and retail space.
This new deal expands the company's active pipeline to 15 projects under development, reflecting its strategy to secure high-density locations and drive long-term revenue growth. Positive financial contributions are expected once construction, fit-out, and regulatory licensing are complete and operations commence.
For Saudi stock market investors, the corporate expansion aligns with growing consumer demand for fitness and wellness services in the Kingdom. The long-term commitment demonstrates management's confidence in continuous operational scaling within major urban hubs.
